Finansal Gelişmenin Vergi Gelirleri Üzerine Etkisi: Geçiş Ekonomileri Örneği

Yıl 2021, Cilt: 19 Sayı: 2, 312 - 325, 28.06.2021

Rabia Efeoğlu

https://doi.org/10.18026/cbayarsos.889044

Cited By: 4

Öz

Çalışmanın amacı, 22 geçiş ekonomisinde finansal gelişmenin vergi gelirleri üzerindeki etkisini 2004-2018 dönemini kapsayan veri setini kullanarak incelemektir. İki değişken arasındaki ilişkiyi analiz etmek için Westerlund panel eşbütünleşme testi ile Dumitrescu ve Hurlin panel nedensellik testi uygulanmıştır. Çalışmadan elde edilen bulgular, geçiş ekonomilerinde finansal gelişme ve vergi geliri arasında eşbütünleşme ilişkisinin varlığını ortaya koymaktadır. Hem panelin bütünü hem de ülke bazında eşbütünleşme katsayıları Pesaran (2006) CCE yöntemi ile tahmin edilerek ülkelere özgü bulgular elde edilmiştir. Tahmin sonuçları geçiş ekonomilerinde finansal gelişmenin vergi geliri üzerinde pozitif ve anlamlı bir etkisinin olduğunu göstermektedir. Ancak ülke bazında finansal gelişmenin vergi gelirleri üzerinde pozitif etkisinin yanında negatif etkisinin de olabileceğini gösteren katsayılar olduğu tespit edilmiştir. Dumitrescu ve Hurlin panel nedensellik sonuçlarına göre de, finansal gelişme ve vergi gelirleri arasında çift yönlü bir nedensellik ilişkisi bulunmaktadır. Sonuç olarak, geçiş ekonomilerinde gelişen bir finansal sistemin vergi gelirlerini artırma eğiliminde olduğu söylenebilir.

Anahtar Kelimeler

Vergi Gelirleri, Finansal Gelişme, Panel Veri Analizi, Geçiş Ekonomileri

The Effect of Financial Development on Tax Revenues: Evidence from Transition Economies

Öz

The aim of the study is to examine the impact of financial development on tax revenues in 22 transition economies using the data set covering the period 2004-2018. Westerlund panel cointegration test and Dumitrescu and Hurlin panel causality test were applied to analyze the relationship between the two variables. The findings obtained from the study reveal the existence of a cointegration relationship between financial development and tax revenue in transition economies. Country-specific findings were obtained by estimating the cointegration coefficients of both the entire panel and the country with the Pesaran (2006) CCE method. Estimation results show that financial development has a positive and significant effect on tax revenues in transition economies. However, it has been determined that there are coefficients showing that financial development may have a negative effect as well as a positive effect on tax revenues. According to Dumitrescu and Hurlin panel causality results, there is a two-way causality relationship between financial development and tax revenues. As a result, it can be said that a developing financial system in transition economies tends to increase tax revenues.

Anahtar Kelimeler

Tax Revenues, Financial Development, Panel Data Analysis, Transition Economies

Kaynakça

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